Core Scientific Inc [NASDAQ: CORZ] traded at a high on Monday, posting a 6.21 gain after which it closed the day’ session at $14.20.
The results of the trading session contributed to over 13324514 shares changing hands. Over the past one week, the price volatility of Core Scientific Inc stands at 6.99% while the volatility over the past one month is 6.00%.
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The market cap for CORZ stock reached $3.67 billion, with 386.88 million shares outstanding and 220.67 million shares in the current float. Compared to the average trading volume of 11.16M shares, CORZ reached a trading volume of 13324514 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Core Scientific Inc [CORZ]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CORZ shares is $17.33 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CORZ stock is a recommendation set at 1.08. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Jefferies have made an estimate for Core Scientific Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on Oct-29-24. While these analysts kept the previous recommendation, Macquarie raised their target price to Outperform. The new note on the price target was released on September 25, 2024, representing the official price target for Core Scientific Inc stock. Previously, the target price had yet another raise to $16, while Canaccord Genuity analysts kept a Buy rating on CORZ stock.
The Average True Range (ATR) for Core Scientific Inc is set at 0.80, with the Price to Sales ratio for CORZ stock in the period of the last 12 months amounting to 6.37. Price to Free Cash Flow for CORZ in the course of the last twelve months was 3333.39 with Quick ratio for the last quarter at 1.58.
How has CORZ stock performed recently?
Core Scientific Inc [CORZ] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 10.68. With this latest performance, CORZ shares gained by 16.78% in over the last four-week period, additionally plugging by 347.95% over the last 6 months.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CORZ stock in for the last two-week period is set at 67.65, with the RSI for the last a single of trading hit 70.59, and the three-weeks RSI is set at 65.11 for Core Scientific Inc [CORZ]. The present Moving Average for the last 50 days of trading for this stock 11.65, while it was recorded at 13.70 for the last single week of trading.
Core Scientific Inc [CORZ]: Deeper insight into the fundamentals
Core Scientific Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.58 and a Current Ratio set at 1.58.
Insider trade positions for Core Scientific Inc [CORZ]
There are presently around $62.05%, or 70.17%% of CORZ stock, in the hands of institutional investors.
